QUADRANT TELEVENTURES LTD (formerly known as HFCL Infotel Ltd) is a "Total Telecom Solutions Provider" offering Fixed Line

telephony (Telephone Services), Mobile telephony, Broadband Services, Customized Data Services and Value Added Services. QTL supports a wide Public Call Office (PCO) network across the state of Punjab & Chandigarh. Now with over 45,000 PCOs, QTL is deemed to have the largest PCO network in India among all private fixed line services operator
in a single circle.

QTL provides a world class telecom experience when it comes to technology, products, customer services, Launched in Punjab in the year 2000 under the Connect brand name. Infotel has set up state-of-the-art networks with coverage in over 200 towns of Punjab with extensive optical fiber network coverage of over 4,000 km. Today, Infotel is one of Punjab's leading private sector telecommunication service providers with an aggregate customer base of 5,10,263 as on 31st Dec 10. QTL Broadband network supports interactive multimedia services, and can handle high quality content, high speed internet access and a large number of interactive applications including B2B and B2C e-commerce.

VISION To be the most admired telecommunication and infotainment services brand through innovation and excellence. MISSION Deliver cutting edge telecommunication and infotainment products & services through convergent digital technologies, ensuring customer delight.

Month January 2011

High (Rs) 6.25

Low (Rs) 4.28

February 2011
March 2011 April 2011 May 2011

5.00
4.60 5.50 4.89

3.13
3.41 4.00 4.03

March09 Broadband Wireline Wireless GSM 73,555 1,67,338 3,83,163 -

March10 87,354 1,73,482 3,28,071 203

March11 1,04,850 1,89,988 2,52,200 12,27,493

Formerly known as HFCL infotel ltd Punjab's leading private sector providers of telecommunication services More then 5,89,110 customers as on 31st dec 2010. Brand name of "videocon". Videocon has positioned itself as a 'total telecommunication solution provider' and offers a complete portfolio of telecom services along with a host of value added services..

Note: This customer base covers Fixed-line telephony, fixed wireless phone, Mobile telephony and Broadband services.

Working capital (abbreviated WC) is a financial metric which represents operating liquidity available to a business.

Current assets Current Liabilities

The main sources of working capital are the current assets as these are the short-term assets that the firm can use to generate cash. However, the firm also has current liabilities and so these have to be taken account of when working out how much working capital a firm has at its disposal. Firms need cash to pay for all their day-to-day activities. They have to pay wages, pay for raw materials, pay bills and so on.

WORKING CAPITAL = CA-CL

List of Current Assets Cash in hand Cash at Bank Inventory Loans and Advances Debtors

List of Current Liabilities Creditors Provisions Loans and Advances Bills Payable Outstanding Salaries

Research Design Analytical Research Tools Used Statistical Tools( Fund Flow Statement & Ratio Analysis)

Source of Data
Secondary data( HFCL Annual Reports) Data Representation Bar Diagrams

Financial Statement

Statement Of Changes In Working Capital

Liquidity Ratio

Current Ratio Quick Ratio

Debtors Turnover Ratio Average Collection Period Efficiency Working Capital Ratio Ratio

Test of Solvency

Debt Equity Ratio

Financial Analysis depends upon to a large extent on the use of ratio. A direct examination of the magnitude of two related items somewhat enlightening but the comparison is greatly facilitated by expressing the relationship as a ratio. Business facts shown in financial statements do not carry any importance individually. There is a need for establishing relationship between various related items. Ratio-Analysis is a tool for interpretation of financial statements is also needed because ratios have analyst to have a deep peep in to the data given in the financial statements.

Particulars Current Assets;Inventory

2009

2010

Increase

Decrease

19,895,676

24,064,756

4169080

S. Debtors
Cash and Bank Balance Loans & Advances TOTAL (A) Current Liabilities;Liabilities

338,978,258

278,160,277

60817981

117,950,221 204,249,865 681,074,020

123,913,620 210,584,447 636,723,100

5963399 6334582

4,053,474,207

4,597,260,664

543786457

Provisions
TOTAL (B) Net Working Capital Increase (Decrease)

28,718,432
4,082,192,639 (3401118619)

30,867,002
4,628,127,666 (3991404566) (590285947)

2148570

590285947

CURRENT

CURRENT

YEAR
2006 2007

ASSETS
638,661,595 612,295,842

LIABILITIES
1,493,377,984 2,000,399,044

RATIO

0.427
0.306 0.191

2008
2009 2010

733,900,783
694,433,345 655,126,847

3,835,124,772
4,053,474,207 4,597,260,664

0.171
0.143

YEAR 2006 2007

RATIO .409 .291

2008
2009 2010

.188
.168 .139

AVERAGE TOTAL NET YEAR 2006 CREDIT SALES 2,930,371,491 TRADE DEBTORS 405,910,460 7.22 6.86 6.15 RATIOS

2007
2008 2009 2010

2,765,340,698
2,499,780,474 2,249,562,036 1,978,161,069

403,010,617
406,638,000 338,978,258 278,160,277

6.64
7.11

DEBTORS

YEAR
2006

TURNOVER RATIO
7.22

RATIO
50.55 53.21 59.35 54.97 51.34

2007
2008 2009 2010

6.86
6.15 6.64 7.11

OUTSIDERS

SHAREHOLDE

RATIO

YEAR
2006 2007 2008 2009 2010

FUND
8,403,250,567 9,026,259,675 11,609,818,918 12,319,282,603 12,007,941,281

RS FUND
6,940,056,991 6,945,607,365 6,945,607,365 6,841,169,209 6,841,169,188 1.21 1.29 1.67 1.80 1.75

AVERAGE

TOTAL NET
YEAR 2006 2007 2008 2009 2010 CREDIT SALES 2,930,371,491 2,765,340,698 2,499,780,474 2,249,562,036 1,978,161,069

WORKING
CAPITAL 740,615,837 1,145,380,934 2,271,388,537.5 3,267,249,198 3,696,261,592.5 RATIO 3.95 2.41 1.10 0.69 0.54

After doing the analysis of HFCL Infotel Ltd, it is observed that

A satisfactory level of working Capital is maintained in the company. Current Assets of the company are increased every year, but at decreasing rate. Company is doing everything to further increase current assets in future. Sales of the company increased every year this means the company growing its share in the market and giving though competition to its competitors. Almost all the ratios of the company are decreasing except than Debtors Turnover Ratio and, the ratios are not at satisfactory level. It is due to heavy amount expended on expenditure. This means the company policies are not working effectively and position of company is not so good.